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US Senate to vote this week on bill to bar California 2035 EV plan
Senate vote challenges California's EV mandateCalifornia's EV rules adopted by 11 states, affecting 40% of U.S. auto marketDemocrats argue Senate vote violates rules, GAO says waivers can't be repealedAutomakers warn of reduced vehicle sales due to EV mandateTransportation Department to ...Reuters
Tue, May 20
Canada annual inflation rate falls, but rise in core measures is tricky for central bank
By David Ljunggren OTTAWA, May 20 (Reuters) - Canada's annual inflation rate fell to 1.7% in April due to a drop in energy prices, but analysts said a rise in closely watched core measures would make life hard for the Bank of Canada as it ponders its next rate move.The overall inflation rate ...Reuters
Tue, May 20
TREASURIES-US yields rise as fiscal concerns remain in focus
By Karen Brettell May 20 (Reuters) - U.S. Treasury yields rose on Tuesday on concerns that a bill in Congress to cut taxes will worsen the U.S. budget deficit at a faster pace than feared and with no major U.S. economic data to drive market direction.President Donald Trump is headed to Capitol Hi...Reuters
Tue, May 20
US health authorities set most-favored-nation pricing targets
WASHINGTON, May 20 (Reuters) - The U.S. Department of Health and Human Services said on Tuesday it was setting most-favored-nation prescription drug pricing targets following an executive order by President Donald Trump.The target price "is the lowest price in an OECD country with a GDP per capi...Reuters
Tue, May 20
INSTANT VIEW-Canada's annual inflation rate drops to 1.7% in April
TORONTO, May 20 (Reuters) - Canada's annual inflation rate in April fell to 1.7% from 2.3% in March as overall energy prices plunged 12.7% after the removal of a federal consumer carbon tax, Statistics Canada said on Tuesday. Market reaction: CAD/Link: https://www150.statcan.gc.ca/n1/dail...Reuters
Tue, May 20
GBP flat against USD ahead of CPI Wednesday – Scotiabank
Pound Sterling (GBP) is also entering Tuesday’s NA session unchanged against the US Dollar (USD) and stuck within a flat channel at the upper end of its longer-term range, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Tue, May 20
USD edges lower, broader sentiment softens – Scotiabank
The US Dollar (USD) is trading marginally softer on the session. Trade is relatively quiet on the face of it, with the North American holiday schedule (Memorial Day next Monday) after Canada’s day off yesterday perhaps affecting participation, Scotiabank's Chief FX Strategist Shaun Osborne notes.Fxstreet
Tue, May 20
European bond yields steady as US debt load falls out of the spotlight
May 20 (Reuters) - Euro zone bond yields were little changed on Tuesday as investors moved past Monday's worries around the U.S. debt load and were on the lookout for further trade deals from the world's biggest economy.Reuters
Tue, May 20
ECB's Knot: Inflation outlook too uncertain to say whether we need a rate cut in June
European Central Bank Governing Council member Klaas Knot said on Tuesday that the medium-term inflation outlook is too uncertain to say whether the ECB needs to cut key rates again in June, per Reuters.Fxstreet
Tue, May 20
USD/CNH is likely to edge higher – UOB Group
US Dollar (USD) is likely to edge higher, but any advance is unlikely to reach the major resistance at 7.2330. In the longer run, downward momentum has largely faded; USD is likely to trade in a 7.1850/7.2450 range for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, May 20
